What Is the Definition of Economic Liberalization?

Answer

Economic liberalizaton is generally defined as the loosening of government regulations in a country to allow for private sector companies to operate business transactions with fewer restrictions. In relation to developing countries, this term refers to opening of their economic borders to multinationals and foreign investment.
Q&A Related to "What Is the Definition of Economic Liberalization"
Liberal comes from the root word liberty which connotes freedom. The political liberal believes and advocates for more freedoms in social issues such as individual rights. A Liberal
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Language Arts/Humanities Liberal studies typically includes a language arts and humanities component that focuses on the studying of literature, writing and communication skills.
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Basically the same ideas based from laissez-faire (the idea of little or no government interference in economic activities) coming from Enlightenment thinkers such as Adam Smith.
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Future benefit.
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